enerDAG – Towards a DLT-based Local Energy Trading Platform

Abstract

Due to decreasing costs and less by-effects of renewables energy the energy production is getting more and more decentralized and therefore leads to more bottom-up loads on the grid. To reduce the stress on the grid local energy grids with smart energy trading are a possible solution. This paper describes the goals and concept of our flexible resilient local energy trading platform called enerDAG and how it can easily be extended through smart contracts. At the end enerDAG gets critically analyzed if it solves the critical requirements for a scalable smart grid platform. Nodes using this platform can get a financial advantage through cheaper local energy which might also lead to even more investment in own regenerative energy systems.